XML 52 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, AFS, at fair value (amortized cost of $43,035 and $41,726, and ACL of $19 and $21) $ 40,814 $ 39,818
Fixed maturities, at fair value using the fair value option ("FVO Securities") 272 327
Equity securities, at fair value [1] 591 864
Mortgage loans (net of ACL of $48 and $51) 6,357 6,087
Limited partnerships and other alternative investments 4,905 4,785
Other investments 250 191
Short-term investments 3,701 3,850
Total investments 56,890 55,922
Cash 154 126
Restricted cash 56 63
Accrued Investment Income Receivable 429 404
Premiums receivable and agents' balances (net of ACL of $116 and $109) 6,335 5,607
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $102 and $103) 7,059 7,104
Deferred policy acquisition costs 1,245 1,113
Deferred income taxes, net 1,234 1,173
Goodwill 1,911 1,911
Property and equipment, net 878 896
Other intangible assets, net 672 707
Other assets 2,183 1,754
Total assets 79,046 76,780
Liabilities    
Unpaid losses and loss adjustment expenses 43,323 42,318
Other policyholder funds and benefits payable 622 638
Unearned premiums 9,521 8,599
Long-term debt 4,364 4,362
Other liabilities 5,072 5,052
Total liabilities 63,366 61,453
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at June 30, 2024 and December 31, 2023, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 3 3
Additional paid-in capital 558 648
Retained earnings 20,209 19,007
Treasury Stock, Value (2,356) (1,816)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax (3,068) (2,849)
Total stockholders’ equity 15,680 15,327
Total liabilities and stockholders’ equity $ 79,046 $ 76,780